US$300 billion reconstruction fund for Iran outlined in ceasefire deal with Washington

A US$300 billion reconstruction fund for Iran has been outlined in a 14-point memorandum of understanding (MOU) signed by the United States and Iran after more than 100 days of conflict. The agreement commits Washington to work with regional partners on Iran’s reconstruction and economic recovery. The ceasefire agreement also includes sanctions relief and the reopening of the Strait of Hormuz. The MOU was reported by the South China Morning Post. The Times of India also covered the agreement, noting the inclusion of sanctions relief and the reopening of the Strait of Hormuz. The details of how the fund will be funded and managed remain unclear.